The contraband included 1,764 pounds of raw ivory and related products, 25 pounds of rhino horn and 35 bear paws, the China Daily says.» Read More
Procter & Gamble, the world's top maker of household products, will consider brand acquisitions in China to shore up and expand its leading position among multinationals muscling into the booming but fractured domestic consumer goods market.
Asian markets rallied Wednesday after the U.S. Federal Reserve slashed two key interest rates -- the benchmark fed fund rate and the discount rate -- by 50 basis points each. Japan soared 3.7% and South Korea closed 3.5% higher.
Asian markets were mostly lower Tuesday as financial shares lost ground amid spreading turmoil in financial markets. Japan shed 2% while South Korea closed 1.77% lower.
China has confirmed an outbreak of the H5N1 bird flu virus among ducks in an outlying district of the southern metropolis of Guangzhou in Guangdong province, the Agriculture Ministry said.
Asian stocks finished mostly lower Monday, taking a breather after four straight weeks of gains. The Shanghai Composite Index closed 2% higher and South Korea ended a touch stronger after spending most of the day in negative territory. Australia finished weaker. A public holiday in Japan kept the yen subdued. Markets there were closed for a holiday and will reopen Tuesday.
As the resource-hungry economies of China and India continue to roar forward, and the dollar continues to plunge to new lows, commodity prices are going wild. The traders speak to the CEO of the world’s largest publicly traded copper company – and the owner of the world’s largest gold mine - to find out how to profit from this boom.
Iran's interior minister says his country has finalized oil and gas projects with China. Two-way trade on target to hit $20 billion (14.4 billion euros) this year.
Several issues weighing on the markets today. Liquidity issues again coming to the fore, this time in the U.K. 1) Northern Rock, the 4th largest mortgage company in the UK, has sought emergency funding from the Bank of England because it won't be able to roll over obligations that are coming due over the next few weeks.
Asian markets finished the week higher across the board, boosted by financial shares with Japan closing almost 2% higher. However caution ahead of U.S. retail sales data due later in the session kept the U.S. dollar under pressure.
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10% to pay for the industry's increased vigilance after more than 3 million lead-tainted toys from China were recalled worldwide since June.
Like the Ansari X Prize, which was claimed in 2004 by aircraft designer Burt Rutan and financier Paul Allen for a pair of flights by SpaceShipOne, the Google Lunar X Prize is open to private industry and non-government entities worldwide.
Most of the Asian indexes closed in positive territory Thursday following a very choppy trading session, with South Korea closing almost 2% higher. Energy shares rallied as oil held near a record peak above $80 set overnight.
I'm just back from China. We spent a week shooting interviews with the heads of some of the largest listed Chinese companies. All of this was against the backdrop of the World Economic Forum event in Dalian, the northeastern coastal resort city. A great chance to get among the business community and get a feel for the strength of underlying profit growth.
China's industrial output slowed more than expected in August in a tentative sign that tightening measures and tax changes aimed at slowing the world's fastest-growing major economy may be working.
Mattel Chief Executive Robert Eckert apologized Wednesday for three huge recalls this summer of lead-paint tainted toys made in China and said the company supports strengthening the U.S. government's consumer safety agency.
Warren Buffett's Berkshire Hathaway has sold some more of its stake in PetroChina. The question is: Is Buffett selling for the profits or to make a statement against China's human-rights record in Darfur?
Asian markets finished mixed Wednesday with Tokyo stocks closing lower on news that Prime Minister Shinzo Abe had resigned.
China's retail sales growth surged in August to its quickest pace in more than three years, beating forecasts, but analysts said the jump largely reflected stronger inflation, not necessarily quicker underlying growth.
An agreement unveiled during the second joint U.S.-China summit on consumer product safety came in the wake of the recalls of millions of playthings decorated with paint containing the toxic metal.
Asian markets found their footing and reversed losses to close mostly higher Tuesday, but China suffered heavy losses. Energy stocks rose after a surge in oil prices. Japan and South Korea closed stronger after spending most of the morning in negative territory.